Farmland Partners Inc. (FPI) to Release Earnings on Tuesday
Farmland Partners Inc. (NYSE:FPI) will release its earnings data after the market closes on Tuesday, October 31st. Analysts expect Farmland Partners to post earnings of $0.05 per share for the quarter.
Shares of Farmland Partners Inc. (FPI) opened at 9.11 on Tuesday. Farmland Partners Inc. has a 12-month low of $8.06 and a 12-month high of $11.97. The stock has a market capitalization of $296.46 million, a P/E ratio of 162.68 and a beta of 0.20. The company has a 50-day moving average of $9.01 and a 200-day moving average of $9.40.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Farmland Partners from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Raymond James Financial, Inc. assumed coverage on Farmland Partners in a report on Monday, September 18th. They issued a “market perform” rating on the stock. Robert W. Baird downgraded Farmland Partners from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $9.00 in a report on Tuesday, August 15th. Stifel Nicolaus restated a “buy” rating and issued a $9.25 price objective (down previously from $10.00) on shares of Farmland Partners in a report on Monday, September 25th. Finally, BidaskClub upgraded Farmland Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.95.
In other news, General Counsel Erica Borenstein acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $8.45 per share, for a total transaction of $25,350.00. Following the completion of the acquisition, the general counsel now owns 19,404 shares of the company’s stock, valued at approximately $163,963.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 8,000 shares of company stock worth $67,450 in the last 90 days. 2.76% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION WARNING: “Farmland Partners Inc. (FPI) to Release Earnings on Tuesday” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/24/farmland-partners-inc-fpi-to-release-earnings-on-tuesday.html.
Farmland Partners Company Profile
Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the Operating Partnership).
Receive News & Ratings for Farmland Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmland Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.